When a policy owner<span> cash surrenders a Universal Life insurance policy in </span>its<span> early years, this may be considered a red flag for the government. The pre – death distribution of an insurance policy is taxable. Therefore, when an owner surrenders his life insurance in its early years, he is trying to avoid the possible taxes.</span>
Option B
For the cost of repairing the damage to the tank, Metro is most likely to be awarded compensatory damages.
<u>Explanation:</u>
Compensatory damages are funds granted to a plaintiff to recompense for losses, damage, or added provoked loss. To acquire compensatory damages, the plaintiff has to demonstrate that a loss transpired and that it was attributable to the appellant.
The plaintiff must also be suitable to quantify the value of loss in the sights of the judge. Actual damages are meant to contribute funds to simply restore what was lost. General compensatory damages granted are more complicated, as these compensatory damages do not factor a financial payment
Answer:
Bad Debts (Dr.) $18,000
Allowance for Doubtful Accounts (Cr.) $18,000
Explanation:
When the management expects that it will not be able to collect a certain amount of receivable, it records Bad Debts in the Profit or Loss and a Credit entry to it is charged to contra-asset account known as "Allowance for Doubtful Accounts". It should be kept in mind that, at this stage it is only the expectation of management that the receivable from customers will not be collected. When the management is certain about the default of customer, it write-offs the Receivables. This is done by debiting Allowance for Doubtful Account and crediting Accounts Receivables. Write-off has no impact on the Net Realizable Value (Accounts Receivables - Allowance for Doubtful Account).
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Answer
Marketing manager
Explanation
In her previous role as the assistant marketing manger,Priya was able to come up with marketing strategies and plans for products.As a sales representative, this role exposed her to connecting with customers and getting marketing insights at the field. During her time as a budget analysis she was able to monitor the spending of the organization to ensure that they are within budget.The best role for her promotion is the Marketing manager position.
Answer:
Economic Growth rate is 3.46%
Growth rate of real GDP per person is 1.96%
Explanation:
According to give data
Mexico's real GDP
1,761 billion pesos in 2005
1,822 billion pesos in 2006
Mexico's population growth rate in 2006 was 1.5 percent.
As we know
Economic growth rate is the percentage change in real GDP
Economic growth rate = ( 1822 - 1761) / 1761 = 3.46%
Growth rate of real GDP per person = % Change in real GDP - Growth rate of population = 3.46% - 1.5% = 1.96%
